Posted it earlier in the F1 Chat Thread..
The government is to change the law to give local authorities the power to stage motor races on public roads.
Prime Minister David Cameron made the announcement on a visit to a new Williams F1 team engineering centre.
The government has conducted a consultation on the issue.
It is currently a criminal offence to promote or take part in a race or trial of speed between motor vehicles on a highway or, in Scotland, on a public road.
The proposal is to give local authorities the powers to suspend speed limits and some traffic regulations, in certain conditions.
Speaking at the Williams facility in Oxfordshire, Mr Cameron said the move would be "great" for motorsport and would mean "more races, more events and more money coming into our country".
Tour inspiration
The success of last week's Grand Depart of the Tour de France showed the public's appetite for road races of both the two-wheel and four-wheel variety, he suggested.
It is thought that the change could result in as many as 20 races every year on public roads.